U.S. Jobless Claims Drop Below 1 Million For First Time Since Mid-March

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits declined by much more than anticipated in the week ended August 8th. The Labor Department said initial jobless claims tumbled to 963,000, a decrease of 228,000 from the previous week's revised level of 1.191 million.Original Article